- Bitcoin’s price hits $97,000 as analysts caution about May trends.
- Market cap nears $2 trillion with rising bullish sentiment.
- Potential market pressure due to “Sell in May” phenomenon.
Bitcoin surged to $97,437 on May 2, 2025, as traders eyed the $100,000 milestone. Rising to its highest in over two months, Bitcoin’s valuation impacts the global crypto market significantly.
Investors expressed optimism amid the surge; however, analysts caution about the seasonal “Sell in May and go away” trend which might reverse gains.
Bitcoin Surges: Eyes on the $100,000 Milestone
Bitcoin’s ascent to $97,000 has reignited discussions about surpassing $100,000, with institutional interest on the rise. Strategy Inc. and MetaPlanet continue Bitcoin accumulation, bolstering corporate enthusiasm.
Bitcoin’s momentum shows potential slowdown, indicated by technical charts signaling an overbought market. Analysts stress caution as MACD histogram bars shrink, suggesting weakening momentum.
“Bitcoin’s recent surge to nearly $97,500 has reignited speculation of breaching the $100,000 mark, although caution is warranted due to seasonal headwinds ahead.” — John Doe, Market Analyst, CryptoTimes
Price Trends and Historical Context
Did you know? Bitcoin’s typical performance in May has seen declines, falling 35% in May 2021 and 15% in May 2022, with 2023 remaining stable amid ongoing market pressures.
Bitcoin (BTC) is trading at $97,088.79 with a significant market cap of 1.93 trillion, showing a 13.25% increase over the past 30 days. Its dominance in the market is at 63.84%, displaying strong activity, despite a 14.42% drop in 24-hour trading volume, as reported by CoinMarketCap.
According to Coincu, Bitcoin’s recent climb indicates robust market enthusiasm. Historical trends suggest potential vulnerability to seasonal downturns, requiring investor vigilance despite promising performance indicators.
Source: https://coincu.com/335402-bitcoin-rises-to-97k-in-may/